Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Manufacturers of the bathroom products market are experiencing an increase in sales of touch-free bathroom fittings such as commodes, faucets, and lavatories that help to stay away from the virus. Though, like most markets, even companies in the bathroom products market are facing a demand shortage for products, since the spending capacity of the population worldwide has seen a decline over the past few months of 2020. Thus, manufacturers are focusing their distribution in countries where the coronavirus pandemic has subsided.
Increasing economic growth is surging the volume of building construction activities across the world. Upsurge in the construction of commercial and residential buildings is fuelling the demand for bathroom products across the globe. The global hospitality sector has been increasing with upsurge in the construction of new resorts and hotels. New resorts and hotels try to improve the quality of their rooms by installing good-quality bathroom products in bathrooms. All these factors are augmenting the demand for bathroom products across the world.
The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the Bathroom products market. Also, complete analysis of changes on home décor and sanitaryware expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market.
The study analyses the global bathroom products market based on the type, application, basin material, basin shape, basin installation, and geography.
The market finds application in residential and commercial. The residential segment held a lion’s share in the market. The dominance of residential segment can be attributed to the rise in the urban population which has led to congestion and shortage of housing.
The material used for basin manufacturing is ceramics, acrylic, metals, and stone. The ceramic segment is anticipated to dominate the market share over the forecast period. Ceramic wash basins available at present are beautiful, sleek, durable, and compact in size and can be easily installed. All these features are augmenting the demand for ceramic wash basins, especially among millennial consumers.
Countertop, wall-mounted, free-standing, and console are the major basin installation types of the market. The wall-mounted segment is likely to be the fastest growing segment in the market owing to increasing adoption for residential as well as commercial applications.
Rectangular, round, oval, square and asymmetrical are the various basin shapes included in this study. The round shape segment is anticipated to hold the largest market share, by basin shape. It is a bowl-shaped plumbing fixture that is used for washing hands, and other purposes. A washbasin contains water taps that supply hot and cold water and may also include a spray feature for faster rinsing.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific is leading the global bathroom products market. The increase in urban population in this region has resulted in traffic congestion and a shortage of housing. To cater to these needs, countries in the region are extensively focusing on urban development that would drive the bathroom products market over the forecast period.
The key competitors of this market include Kohler Co., Roca Sanitario, AmeriSink Inc., TOTO Ltd., LIXIL Group, Hamberger Sanitary GmbH, Huida Sanitary Ware Co., Ltd., Bemis Manufacturing Company, Sloan Valve Company, Ginsey Home Solutions, and among others.
The study analyses the global bathroom products market based on the type, application, basin material, basin shape, basin installation, and geography. The market finds application in residential and commercial. The residential segment held a lion’s share in the market. The material used for basin manufacturing is ceramics, acrylic, metals, and stone. The ceramic segment is anticipated to dominate the market share over the forecast period. Countertop, wall-mounted, free-standing, and console are the major basin installation types of the market. Rectangular, round, oval, square and asymmetrical are the various basin shapes included in this study. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific is leading the global bathroom products market.
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